B. Riley Predicts Stronger Earnings for Ramaco Resources

Ramaco Resources, Inc. (NASDAQ:METC - Free Report) - Stock analysts at B. Riley raised their Q4 2024 earnings estimates for shares of Ramaco Resources in a note issued to investors on Wednesday, November 6th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $0.04 for the quarter, up from their previous forecast of $0.01. B. Riley has a "Buy" rating and a $18.00 price target on the stock. The consensus estimate for Ramaco Resources' current full-year earnings is $0.86 per share. B. Riley also issued estimates for Ramaco Resources' Q1 2025 earnings at $0.14 EPS and Q2 2025 earnings at $0.36 EPS.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $167.40 million during the quarter, compared to analysts' expectations of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.12%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share.

Separately, Benchmark reaffirmed a "buy" rating and issued a $20.00 target price on shares of Ramaco Resources in a report on Thursday, August 29th.

Ramaco Resources Stock Performance

Shares of METC stock traded down $0.35 during trading hours on Friday, hitting $11.87. The stock had a trading volume of 600,275 shares, compared to its average volume of 447,342. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.33 and a quick ratio of 0.90. The firm has a market capitalization of $519.08 million, a PE ratio of 18.26 and a beta of 1.08. The stock's 50 day moving average is $10.73 and its 200 day moving average is $12.56. Ramaco Resources has a twelve month low of $9.03 and a twelve month high of $22.70.

Ramaco Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.138 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a yield of 4.65%. Ramaco Resources's payout ratio is 84.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of METC. Innealta Capital LLC purchased a new stake in shares of Ramaco Resources in the second quarter valued at about $28,000. Allspring Global Investments Holdings LLC purchased a new stake in Ramaco Resources in the 1st quarter valued at approximately $93,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ramaco Resources during the 2nd quarter worth approximately $94,000. Koss Olinger Consulting LLC acquired a new position in Ramaco Resources during the 2nd quarter worth approximately $134,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ramaco Resources in the 2nd quarter valued at approximately $139,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

About Ramaco Resources

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.